Search Results | Showing 1 - 10 of 288 results for "Income Tax" |
| | | ... economist Cassandra Winzar said. "The Albanese government's second surplus, while welcome, has again been driven by higher income tax takes and strong commodity prices. These are all temporary windfalls and are unlikely to persist as the economy slows. ... |
| | | | Support will be boosted for Australians facing acute and urgent financial pressures with $138 million to meet sustained high demand for crisis support including emergency relief, food relief and financial support services. Treasurer Jim Chalmers announced ... |
| | | | The Australian Taxation Office (ATO) has announced income tax reporting changes under the Modernisation of Trust Administration Systems (MTAS) that will come into effect on July 1. For beneficiaries of a trust, there will be a new trust income schedule ... |
| | | | ... properties continue to remain in the ATO's sights. ATO data found nine out of 10 rental property owners were getting their income tax returns wrong. "We often see landlords making mistakes when it comes to repairs and maintenance deductions on rental ... |
| | | | ... for certain insurance commissions. "This schedule also amends the Superannuation Industry (Supervision) Act 1993 and Income Tax Assessment Act 1997 to provide a clear legal basis for the payment of advice fees from superannuation and associated tax consequences," ... |
| | | | ... in the Australian taxation system. A policy that is counter to the broader policies and operation of the Australian income tax system." |
| | | | ... last year, outlined that upfront fees are deductible to the extent they relate to tax advice under section 25-5 of the Income Tax Assessment Act 2007 (ITAA). However, the FAAA and the accounting bodies are aligned in pushing for further clarification ... |
| | | | ... "Firstly, that they increase the maximum income eligibility for LISTO from $37,000 per annum to the top of the second income tax threshold, currently $45,000 per annum," Blakey said. "And secondly, aligning the amount of the offset to the Super Guarantee ... |
| | | | Australian taxpayers may face an $85 billion bill due to the COVID-era Early Release of Super scheme, according to a new analysis by the Super Members Council (SMC). Using the Superannuation, Pensions, and other Retirement OUTcomes (SPROUT) model, the ... |
| | | | ... cut of about $1504, the government said. Previously, they would have saved around $700. "The changes to the personal income tax system will have a net cost of $1.3 billion over the forward estimates. The total impact of these tax cuts is expected to ... |
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